Zerohash, a Chicago-based crypto and stablecoin infrastructure company, secured $104 million in new funding. Interactive Brokers led the round, valuing the startup at $1 billion.
The company develops white-labeled crypto brokerages, enabling firms like Interactive Brokers to offer digital assets trading. Furthermore, it provides APIs for tokenization, assisting clients such as BlackRock with money market funds. Zerohash also builds stablecoin networks for customers like Stripe.
This latest capital injection follows a 2022 funding round that valued Zerohash at $340 million.
Morgan Stanley, Apollo Global Management, SoFi, and Jump Trading's crypto arm also participated in the current Zerohash funding.
